Top 5 Workforce Planning Tools

TalenX

When it comes to delivering real business insights, providing a holistic view of the workforce, increasing productivity, efficiency, and effectiveness, and aligning talent and business strategies, nothing does it better than workforce planning. What is a workforce planning tool?

Workforce Planning Through Trying Times

hrQ

What characterizes trying times for Workforce Planning is how fast the variables on which we make decisions can change from one day to the next, and the impact that has on the business. Focusing on key variables to make workforce decisions and being upfront about uncertainties. Workforce Planning recommendations should be based on managing Risk Tolerance, Skill Demand, and Skill Supply. Maintaining a workforce is not the only need of an organization.

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5 Essential Workforce Planning Tools for any HR professional

Analytics in HR

Workforce planning tools are an essential part of the HR professional’s toolkit. In this article we’ll go over 5 strategic workforce planning tools, explain their use and give examples and excel templates on how to use them. What are workforce planning tools? Workforce planning tools are instruments that help analyze current capabilities and future needs for the employee population. Strategic workforce planning map.

Global Payroll Q & A with George Delaney, CFO Immedis

Immedis

As CFO, what are your payroll/workforce planning pain points? What factors do you consider as critical when you review payroll strategy? As I mentioned earlier, we are expanding our workforce, so I am exploring new and innovative ways to attract talent.

Understanding the Basics: What Is Talent Management?

Workday

Digital disruption and a shifting workforce is changing talent management, especially amid the COVID-19 pandemic. Talent management is about taking a strategic approach to attracting, retaining, and developing a workforce. Workforce planning. Succession planning.

Power of Pods: Teamwork in the Workplace

DATIS

In fact, in a recent Workforce Management Trends survey , executives identified communication barriers, siloed information, and a lack of cross-functional talent as the top three deterrents to cross-departmental collaboration within their organization. Example: To address a Recruiting & Retention problem, an organization would likely want to involve team members from Finance and HR that work in Recruiting, Payroll, Talent Management and Workforce Planning.

Prepare Your Questions For #HRTechWorld and #HRTechConf

In Full Bloom HR

Given my already stated plans to wind down my consulting practice, I’ve clearly stepped over the “trying to be ecumenical line” and cast caution to the winds with my answers to some of these questions. Unfortunately, it usually takes a broader planning effort to make sure that sir/madam HR leader isn’t playing that loser’s game of whack-a-mole in resolving these types of questions. The good news is that there are payroll providers which can address modern requirements.

6 Skills Every HR Technology Leader Must Develop Starting in 2017

Visier

Technology impacts all of us personally in how we communicate, make purchases, plan travel, find love, discover a great restaurant, or get a ride across town. Other HR practitioners are already beginning to ask themselves questions such as: How will engagement be impacted by robots joining the workforce? Instead, you will be responsible for advanced inquiry into how the workforce can be continuously adapted and improved to strengthen business outcomes.

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The Secret to Small Business Growth? Invest in Your Employees

Cornerstone On Demand

1) Invest in Human Resources from the Start Many small companies think they're too busy or budget-strapped for strategic HR, and end up outsourcing payroll, compensation and benefits to third-party providers. It's one of the great fallacies of small business HR planning : diminishing talent management to its simplest, "paper-pushing" processes in order to flatten management and save money.

Your Guide to HR Career Paths

Namely

With a one-person HR team, administrative duties often take priority over strategic initiatives, like employee experience, workforce planning, or company culture. The HR Data Analyst tracks metrics throughout the talent lifecycle to inform better processes. This role is still relatively new in the field, so it requires a lot of creativity and strategic data-driven thinking in order to develop useful and actionable metrics. The Payroll and Benefits Administrator.

The 5 Main Roles in HR

Paycor

Recruiters are the primary players in developing any company’s workforce. A recruiter’s success is typically determined by two key metrics : the number of positions they fill each year and the time it takes to get those positions filled. Talent management also has HR managers who focus on workforce planning and management. This area includes succession planning and retention efforts across the business, from the C-suite on down.

6 Areas Where People Analytics Can Help HR Get Ahead

Career Metis

Recruitment functions can use analytics tools to assess the effectiveness of their current processes against specific metrics. According to a LinkedIn report titled “ The Future of Recruiting ,” few companies use qualitative metrics such as quality of hire or candidate experience ratings, even though most agree that these metrics are important. This helps to even the playing field, creating more diverse, more dynamic workforces in the process.

How to Avoid Layoffs: Cost-Cutting Strategies for Business

Cornerstone On Demand - Talent Management

And to save immediate payroll costs, place salary adjustments and merit-based increases on hold as well. In most cases, original 2020 projections are no longer realistic , and metrics must be revised so they align with current priorities and are sensitive to the pain being inflicted on shareholders by declining stock prices. This way, a company can save on its payroll spend while still keeping workers employed.

How to Successfully Select and Implement an HRIS | Human Resources Information System

Analytics in HR

Functionality scoping, including the specifics of reporting and metrics of competing products. Payroll & compensation management. Succession Planning. As standard practice, project planning and scheduling is usually built on project management programs. Payroll- and compensation planning. Workforce planning. Succession planning. Plans, once decided, need to be adhered to as close as possible.

How to Get Started with People Analytics

Namely

Let’s look at it across 12, 24, and 36 months against representative demographics in the workforce, then align it with employee engagement metrics. Are some departments experiencing higher absenteeism when morale is low, based on correlated engagement metrics? These are the three magic metrics for recruiting. In my 30 years in HR, I’ve helped hundreds of companies with recruiting and have yet to meet a business leader that wasn’t singularly focused on these metrics.

HR Data Quality

HR Examiner

Neil McCormick and Dr. Chris Andrews discuss the need for a globally recognized, structured approach, to managing and maintaining the overall workforce data quality in organizations. Around the same time as those articles were issued the author of this article engaged in a deep discussion about a ‘Workforce Data Quality Standard.’ Poor data quality in both the planning and execution phases of these initiatives is a primary cause.’

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What is HR Reporting and Which Suites Do It Best?

TrustRadius HR

The HR department of an organization manages anything employee-related such as recruitment, hiring, retainage, payroll, benefits, leave and termination. HR Reporting is an analytical tool designed to compile data, statistics, and metrics on employees. How do you use it to create a more productive workforce? It also includes strategic HR functions such as talent management, learning management, employee engagement surveys, and workforce management.”

Dissecting the employer disconnect in HR tech

HRExecutive

employers are spending over $5 trillion on payroll, benefits and other employee programs annually. workforce changing jobs annually, the result is a $250 billion-plus market just for products related to recruitment, advertisement, assessment and interviewing. But if you don’t have the right project partner and the right project plan, it’s going to fail.”—Bonnie A technology plan is not enough,” Averbook concludes. “A

Is your contingent workforce program becoming obsolete?

HR Times

Your organization, like most of those we see, is probably already incorporating contingent workers in your talent mix, and likely seeing year-over-year increases in the number of contingent workers in your workforce. In Deloitte’s 2016 Global Human Capital Trends report, 51 percent of global executives surveyed said they plan to increase or significantly increase the use of contingent workers in the next three to five years, with only 16 percent expecting a decrease.

Four Tips to Help You Excel in Talent Acquisition

Women of HR

Understanding and applying metrics is an opportunity to shine. Maintaining these healthy relationships will help tremendously in forecasting the future and optimizing the talent planning process as a whole. About the Author: Jody Stolt is the director of Talent Acquisition at Paychex, a leading provider of payroll, human resource, and benefits outsourcing services for small- to medium-sized businesses.

5 HR Analyst Job Descriptions – A Brief Analysis

Analytics in HR

Your responsibilities will include: Develop standard and ad hoc reports, templates, dashboards, scorecards, and metrics. To provide proactive and comprehensive HR and benefit administration and support, alongside Payroll support for the UK. Assist with the UK payroll; update the provider with changes, respond to employee queries. UK and/or European payroll experience an advantage. The job: To manage and analyze workforce data to generate meaningful business insights.

How Competitors Use Human Capital Analytics to Win

Paycor

The answers to these (and many other) important questions are in your HR, payroll and time data systems. to get deeper insights into their people data and bring valuable information to key stakeholders in areas like workforce planning and financial forecasts. Just last year, Deloitte Research saw a 120% growth in companies correlating business performance to HR metrics. 3 Ways You Can Use Workforce Data Right Now. Devise an Actionable Plan.

Data 40

What can Human Capital Management (HCM) do for your business and why you need it

TalenX

Human Capital Management (HCM) refers to an organization’s comprehensive plan and a set of practices for recruiting, managing, developing and optimizing employees to maximize their values towards an organization. Below are three questions that you must ask yourself when it comes to structuring your human resource (HR) planning. It is a thoughtful process that requires plenty of consideration and planning. Problem 2: Non-strategic workforce planning.

HR TechStack – Performance Tracking

WhoKnows

There is a lot of software & cloud based apps for modern workforce, at WhoKnows we have handpicked 68 most popular, widely used & recognized vendors in the market. ADP Workforce Now. ADP Workforce Now is easy-to-use and complete human capital management solution for companies with more than 50 employees. Plus, Workforce Now integrates simply and securely with other best-of-breed HR and business applications through convenient APIs and the ADP Marketplace.

HR Tech Weekly: Episode #247: Stacey Harris and John Sumser

HR Examiner

Standouts included Ethics in AI, HR Tech in Recruiting, the role of HR, the pace of change, and the importance of Workforce Planning. Standouts included Ethics in AI, HR Tech in Recruiting, the role of HR, the pace of change, and the importance of Workforce Planning. I am home no travel plans for the first couple of weeks of the year. So that’s what we’re planning on calling or talking about today.

Workday Positioned as a Leader in Gartner Magic Quadrant for Cloud HCM Suites for Midmarket and Large Enterprises

Workday

To truly understand where you stand against similar organizations, Workday Benchmarking allows customers to opt-in to contribute data about their workforces and, in return, see how you compare against industry peers, including metrics such as attrition, diversity, and leadership effectiveness. With our recent acquisitions focused on talent optimization, business planning, and augmented analytics, we look forward to bringing even more innovation to our customers.

Top 100 HR and Recruitment Blogs [by Organic Traffic with Top 3 Articles Each]

Ongig

HR Management and Planning. HR Metrics: How and Why to Calculate Employee Turnover Rate? Workforce Leadership. Payroll. Workforce. Recruiting Metrics. Workforce Insights By Randstad. Payroll. Succession Planning. Data, Metrics, Analytics: The Hierarchy of Knowledge. Workforce Planning. Recruiting Analytics: Candidate Sourcing Metrics. Recruiting Metrics and Analytics.

HR Tech Weekly: Episode #226: Stacey Harris and John Sumser

HR Examiner

John I mean you and I have had a conversation about this before but do you think this is an important metric we should be paying attention to. This has been the problem with quality of higher metrics and recruiting everybody is waiting so there is a perfect measure of what quality of Iowa is. And how often do the users who use them know that it’s plans sourced versus the other organizations.

Conference Twitter Primer #HRtechConf 2018

Advos

ask_dr_nat : Chief Workforce Scientist at Achievers. Reappropriating HR for people (who are not capital nor cattle) Workforce fluidity is my jam! We offer powerful WFM & HCM tools to manage and engage your entire workforce from pre-hire to retire. mikekrupa : Digital Workforce Planning, Inclusion & Collaboration Senior Leader and Technology Strategist delivering HR Thought Leadership around the globe.

The Right Way to Increase Minimum Wage at Your Organization

Visier - Talent Acquisition

Failing to understand this–and worse, failing to incorporate it into your analysis and planning–will cost you more than you think. You need a holistic view of your workforce and your business–which requires you to first gather information from your different systems and then, manually pull it all together to make the best decision possible. Make changes with the future workforce in mind. How can you optimize your workforce to help them get things done faster?

Is your contingent workforce program becoming obsolete?

Bersin

Your organization, like most of those we see, is probably already incorporating contingent workers in your talent mix, and likely seeing year-over-year increases in the number of contingent workers in your workforce. In Deloitte’s 2016 Global Human Capital Trends report, 51 percent of global executives surveyed said they plan to increase or significantly increase the use of contingent workers in the next three to five years, with only 16 percent expecting a decrease.

The Top 25 Best Applicant Tracking Systems (Updated for 2018)

Proven

The integrated platform streamlines various recruiting activities, such as planning the hiring process, sourcing job applications, managing interviews and even organizing post hiring activities. SAP SuccessFactors wants you to “win the talent war, keep employees fully engaged, and transform your workforce for the future.” SAP Success Factors provides software for core HR processes, as well as for benefits and payroll.

What Is HRIS? How Human Resource Management Systems Help Businesses

G2 Crowd

a provider of workforce management solutions, “If your human resource department is overwhelmed or does not have the resources they need to perform their jobs, your entire company suffers. The short and sweet distinctions between those three types of suites are: HRIS is a database that keeps track of employee data for the purposes of streamlining payroll, bookkeeping, applicant tracking and performance review purposes.

The ClearCompany Authoritative Guide to HR Technology Terms

ClearCompany Recruiting

In layman’s terms: Your ATS speaks seamlessly to your onboarding software , which speaks to your performance management system, which also ties into your payroll system. Why it’s important: Having all your HR data in one place can help with payroll, employee records and even help protect your company when it comes to overtime protections for your workers. Fun fact: 55% of SAAS companies rate Customer Retention Cost as the key metric to measure.

If You Don’t Ask The Right Qs, You Get The Answers You Deserve!

In Full Bloom HR

But given my already stated plans to wind down my consulting practice, I’ve clearly stepped over the “trying to be ecumenical line” and cast caution to the winds with my comments on some of these questions. Unfortunately, it usually takes a broader planning effort to make sure that sir/madam HR leader isn’t playing that loser’s game of whack-a-mole in resolving these types of questions. — to protect both your workforce and your work.